UIA reviews its preliminary results for 2007

Ukraine International Airlines have reviewed the preliminary results of the company`s performance in 2007. This year turned out to be the most successful in the airlines’ 15-years history.

Ukraine International Airlines have reviewed the preliminary results of the company`s performance in 2007. This year turned out to be the most successful in the airlines’ 15-years history.

“In spite of the continuing rapid growth of aviation fuel prices, tough competition for the passenger and high inflation level we managed to achieve the unprecedented for our market business growth, - UIA President Yuri Miroshnikov noted. – We are especially proud of the fact that our Airline achieved such a success in conditions of political uncertainty extremely unfavorable for the aviation industry”.

The preliminary 2007 results according to UIA experts’ estimation are as follows:

- 40% increase of total passenger traffic on UIA routes, making up 2645 million passenger kilometers in 2007, compared to 1890 million passenger kilometers in 2006;

- 68% growth of charters volume. During 2007 579 thousand passengers were carried on UIA charter flights. According to UIA experts the surpassing growth of charters volumes compared to scheduled flights is explained by the tough visa regime of the West European countries which are the main scheduled UIA`s destinations.

- 5% decline of cargo and mail carriage volume, making up 4.3 million kilos in 2007 (compared to 4.5 million kilos in 2006). The reduction of cargo and mail carriage is determined by the considerable passenger load factor increase on UIA`s flights;

- passenger load factor on UIA`s flights has made 72.2% in 2007. It’s 12,1% more than in 2006 (60,1%);

By the end of December 2007 the total number of e-tickets issued for UIA`s flights had made up 51%.

In November 2007 Ukraine International Airlines celebrated its 15th anniversary.

The anniversary year became the most successful in terms of profit in UIA`s history. The Airline`s 2007 financial results will be finalized in April 2008.

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